In the Press / 媒体关注

Chinese U.S. homebuying to hit eight-year low, says leading property site

23 September 2019
/ Reuters

U.S. home sales to Chinese buyers are likely to drop to an eight-year low in the year ending next March as a prolonged Sino-U.S. trade war hits demand, according to estimates from Chinese real estate website Juwai.com, reported Reuters (23 September 2019). The site's executive chairman, Malaysian-based German tech entrepreneur Georg Chmiel, said worries over U.S. visas, the weakening yuan and the desire to diversify investments had spurred a collapse in sales to Chinese buyers after a five-year surge. “The Trump administration’s tariffs, aggressive rhetoric, targeting of Chinese graduate students at U.S. universities, and new visa red tape have all hurt Chinese demand,” he told Reuters.